Word: indexes
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Dates: during 1970-1979
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...barrier crumbles and the U.S. economy continues its comeback. In back-and-forth trading last week the Dow average closed at 972.92, about even with the previous week's close. Simultaneously, however, the nation got some of the best news yet about prices and jobs. The wholesale price index in February dropped .5%; it was the fourth straight month in which that key indicator has either held steady or gone down. Even better, the unemployment rate fell to 7.6% in February, from 7.8% in January and 8.3% in December...
Though Greenspan speaks for an Administration that is seeking to tone down or turn to advantage the economic issue in the election, the figures back him up. Last week the Government reported that its index of leading indicators rose a very strong 2.2% in January. That was the largest jump since last July. The index, which consists of twelve yardsticks of future demand and output (examples: new orders, building permits, average work week), has proved accurate on the whole since it was revised early in 1975. It began turning up last spring, accurately foreshadowing the end of the recession...
...index only added to the evidence of vigorous recovery that has been accumulating for the past several weeks. A rundown...
INFLATION. The Consumer Price Index in January rose at an annual rate of less than 5%; in only two of the past 15 months has the increase been smaller. Food prices actually declined slightly. The dip might have been reversed in February, so the overall index may show a larger rise. Even so, the inflation rate is in line with forecasts of a 6% rise for the full year, and far below last year's peak rate of 15.4% in July...
...loved the idea of Europe but never went there. The house was crammed with cartons, dossiers, packets of old photos, clippings, hoarded books, gewgaws and boxes; these constituted the world in which he traveled. His only public gestures were occasional exhibitions and cover designs for the ballet magazine Dance Index. Self-promotion was unthinkable to him. Cornell always seemed an emissary from a different world, today more so than ever...